Investors’ access to the capital
Hard money loan brokers make and arrange real estate loan transactions using private party investors/beneficiaries. The private parties are the source of investment capital. The investors essentially become the bank and invest their money as lenders. They receive collateral in the form of a promissory note and a recorded deed of trust, both signed by the borrower. They […]
Collapse of US Banks Could Make Hotel Financing Harder to Find- But Private Lenders will be the only solution to their problem
Other Financing Players Will Come to the Table as Banks Pull Back The fall of Silicon Valley Bank and Signature Bank, the largest U.S. banking collapse since the Great Recession, will ultimately lead to a shift in funding sources, difficulty obtaining hotel construction loans and a slowdown in recovery of the already challenging lending environment, […]
U.S. cities are filling up with luxury apartments despite ‘housing recession’
Why cities are filling up with luxury apartments Apartment building hit a 50-year high in 2022, according to analysts at Yardi Matrix. New housing is often marketed as “luxury” to justify prices set for high-wage earners, particularly in U.S. cities with strong job markets. Revisions to real estate regulations and federal home-building subsidies are top […]
126-Unit To Provide Affordable Housing Options At 1651 West Price Boulevard, North Port, FL, 34286 In Sarasota County
A new residential housing complex is coming soon to Sarasota County. Named “Palm Port Apartments,” the 126-unit development will feature both affordable housing units and units at market rate. Construction began on the multi-million-dollar project in the third quarter of 2020 and will conclude in December 2021. The project’s conceptual renderings show six low-rise buildings […]
Kairos Secures $175M Fannie Mae Loan to Grow Affordable Housing
Kairos Investment Management Company (KIMC) has secured a $175 million credit facility backed by Fannie Mae (FNMA), the real estate firm announced Friday. Berkadia — which is a joint venture of Berkshire Hathaway (BRK.A) and Jefferies Financial Group — originated and will service the credit facility for each transaction. The 20-year loan term enables KIMC […]
Construction to begin on Marriott Hotel complex in downtown L.A.
With tourism on the rise in downtown Los Angeles, construction is set to begin on a $172-million Marriott hotel complex that has even bigger aspirations than when it was announced almost a year ago. Downtown’s thriving hotel market can be seen in the long-anticipated development near the L.A. Live entertainment complex and Staples Center, which […]
London Hotel Sponsor Nabs Loan Extension on Cayman Islands Resort
London & Regional Hotels (L+R) has secured an extension for a commercial mortgage-backed securities (CMBS) loan on its beachfront Grand Cayman Marriott Resort property in the Cayman Islands, Commercial Observer has learned. The hotel was hit hard by restrictions put in place during the COVID-19 pandemic. The London-based global real estate investment firm received a three-year […]
Fox To Build 9 More Soundstages in Los Angeles as Streaming Boosts Demand for Production Space
Development Projected To Have $1.5 Billion Direct Impact on Century City Area Fox Corp., one of the biggest entertainment companies based in Los Angeles, is expanding its soundstage space to meet the soaring demand for production studios for streaming TV programs and movies. The media giant, based in New York, plans to build nine soundstages […]
Apartment Community in SoCal’s Inland Empire Sells for $323,718 Per Unit
The multifamily market in Southern California’s Inland Empire is attracting investors’ attention as more people flee Los Angeles. Real estate investment company Convenient Holdings has put down $50.5 million for a 156-unit multifamily community in Ontario, Calif., Commercial Observer has learned. The deal for The Landing Apartments pencils out to $323,718 per unit. Alex Mogharebi, Otto […]
